Louisiana State Employees Retirement System Takes $964,000 Position in Pebblebrook Hotel Trust (NYSE:PEB)

Louisiana State Employees Retirement System purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 60,300 shares of the real estate investment trust’s stock, valued at approximately $964,000. Louisiana State Employees Retirement System owned 0.05% of Pebblebrook Hotel Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PEB. Allspring Global Investments Holdings LLC raised its position in shares of Pebblebrook Hotel Trust by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 884 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $148,000. Sequoia Financial Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 6.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 942 shares during the period. Assetmark Inc. increased its holdings in Pebblebrook Hotel Trust by 16.0% during the 3rd quarter. Assetmark Inc. now owns 15,728 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 2,175 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 38.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 17,505 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 4,861 shares during the period.

Insider Activity

In other news, insider Thomas Charles Fisher sold 11,441 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the completion of the sale, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $15.59 on Thursday. The company’s fifty day moving average price is $15.65 and its 200-day moving average price is $14.67. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -16.07, a PEG ratio of 0.69 and a beta of 1.86. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The business had revenue of $314.10 million during the quarter, compared to analysts’ expectations of $304.34 million. During the same period last year, the company posted $0.18 EPS. Pebblebrook Hotel Trust’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -4.12%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PEB shares. Bank of America lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price on the stock. in a report on Monday, January 8th. Truist Financial upped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. StockNews.com raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Compass Point reaffirmed a “neutral” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.78.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.